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  2. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    If a buyer fails to repay the owner financing, the recourse for a seller depends on the agreement. In a rent-to-own arrangement, for example, the seller might be able to start the eviction process.

  3. Seller financing - Wikipedia

    en.wikipedia.org/wiki/Seller_financing

    When used in the context of residential real estate, it is also called "bond-for-title" or "owner financing." [ 1 ] Usually, the purchaser will make some sort of down payment to the seller, and then make installment payments (usually on a monthly basis) over a specified time, at an agreed-upon interest rate , until the loan is fully repaid.

  4. Personal contract purchase - Wikipedia

    en.wikipedia.org/wiki/Personal_contract_purchase

    If the owner defaults on the payments, the finance company has the legal right to repossess the vehicle. At the end of the agreement, the customer either pays the balloon payment and takes full ownership of the vehicle, or the vehicle is returned to the finance company without any further liability. [1]

  5. New Jersey Motor Vehicle Commission - Wikipedia

    en.wikipedia.org/wiki/New_Jersey_Motor_Vehicle...

    The new agency underwent a number of major overhauls in the areas of security and service, including the implementation of a more secure licensing process and the digital driver license and enhanced customer service training. Like most other DMVs, the former New Jersey DMV had a notorious reputation for poor customer service.

  6. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    For commercial banks and large finance companies, "loan agreements" are usually not categorized although "loan portfolios" are often broadly characterized into "personal" and "commercial" loans while the "commercial" category is then subdivided into "industrial" and "commercial real estate" loans.

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